Collateral car title loans are secured loans that provide a bigger loan amount as compared to short term loans. They also carry less risk because of the lower interest rate and allow you to get fast emergency cash.
The lowest interest rates
One of the things that make car title loans Halifax Nova Scotia popular is the low interest rates. Unlike short term loans and unsecured bank loans, much lower interest rate can be offered against the closest competitors. Loan payment terms are the longest that can be offered.
Bad credit or no credit has no bearing on the loan approval
This loan does not require any type of credit check. Instead, because the loans are secured due to the collateral, no credit rating affects the loan. So you can see why no credit check title loans are the preferred option, regardless of your credit rating. You can loan as much as $30,000.
The loan amount based on true market value
When you bring in your car for inspection and appraisal, the lender determines its true market value. The car title must also be lien free since this is the collateral to be left with the lender while the loan is being repaid. A lien is placed on the car title and is removed when the loan is fully paid. The borrower submits a valid driver’s license and proof of permanent residence for the requirements.
Car title loans or sometimes called equity loans is the only service offered by Canada Car Cash. This means that Canada Car Cash can loan you more money with far less requirements. We can help you by calling us now or getting in touch online. We can give you an estimate of what you really qualify for. Call us now toll free at 1-844-598-7631 or apply online.
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